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New Gold Inc T.NGD

Alternate Symbol(s):  NGD

New Gold Inc. is a Canadian intermediate gold mining company with a portfolio of two core producing assets in Canada, namely the Rainy River gold mine and the New Afton copper-gold mine. The Company also holds other Canadian-focused investments. The Company is engaged in the acquisition, exploration and development of natural resource properties. Rainy River is a gold mine located in Northwestern Ontario, Canada, approximately 65 kilometers (km) northwest of Fort Frances, Ontario. The New Afton mine is located approximately 10 km west of Kamloops, approximately 350 km northeast of Vancouver, British Columbia, Canada.


TSX:NGD - Post by User

Bullboard Posts
Comment by MAKEITBACKon Sep 07, 2012 2:28pm
358 Views
Post# 20333826

RE: NGD

RE: NGD

Don’t feel too bad. Franco Nevada is down almost 2 per cent and Pretium is down almost 7 per cent today. The only explanation for these quality gold stocks being down on a $40 dollar gold up day is massive shorting (manipulation). In the case of New Gold the shorting has been going on for some time now and is very aggressive. I can only assume that these are the stocks TPTB fear the most. In the end, gold in the ground will be the only safe gold, and NGD will be among the biggest winners.

Bullboard Posts